Enterprises capability
One of my friends can't discover the solution of this question. So he is not capable to complete his assignment. Give answer of this question. Are there any limits or constraints onto the enterprise’s capability to grow and change?
When technological advances within agriculture generate bumper crops of farm products for that demands are relatively price inelastic, in that case the: (w) average income of farmers will decline relative to per capita income for the
Tell me the answer of this question. In comparing the changes in TC and TVC associated with an additional unit of output, we discover that: A) the change in TVC is equal to MC, while the change in TC is equal to TFC. B) the change in TC exceeds the change in TVC. C) t
Describe the implication of freedom of entry and exit to the firms beneath perfect competition.
‘Is the price of a product for instant consumption – similar to a takeaway curry – equivalent to its worth or advantage to a consumer?’
Can someone help me in finding out the right answer from the given options. In short run for a competitive market, a raise in the supply will generally: (1) Raise demand. (2) Not affect the equilibrium price. (3) Lower equilibrium price. (4) Increase equilibrium price
I have a problem in economics on Persistence of Economic profits in long run. Please help me in the following question. Economic profits will continue in long run only when: (i) There are barriers to the entry and exit. (ii) Markets are much competitive. (iii) There a
What happened when demand and supply curve do not intersect with each other? Answer: The outcome is: Economically non–viable industry.
What is meant by Excess demand in macro economics: In macro economics, if aggregate demand is greater than aggregate supply at full employment level, then there is excess demand.
Below the competitive equilibrium output, restricting output will: (w) raise price above the competitive equilibrium price. (x) raise price above the marginal cost of the last unit produced. (y) generate a deadweight efficiency loss from underproducti
I have a problem in economics on Social purposes served by firms. Please help me in the following question. The broad social purposes served by the firms do not comprise: (1) Coordination of team production. (2) Maximization of the stockholder gains. (3) Reduction of
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